ANNOUNCEMENT REGARDING FIRM INTENTION FROM TRADEHOLD
API LIMITED (JOINTLY OWNED BY TRADEHOLD AFRICA LIMITED AND
AFRICAN PROPERTY INVESTMENTS LIMITED) TO ACQUIRE A
MINIMUM OF 51% OF REIZ.
Further to the announcement published on 8 December 2015, the Board of REIZ (“Board”) wishes to update shareholders of REIZ (“Shareholders”) regarding the firm intention to make an offer to purchase and/or subscribe for a minimum of 51% of REIZ, on a fully diluted basis, which had been received from Tradehold Africa Limited (“Tradehold Africa”) and Heriot Properties Proprietary Limited (“Heriot”) acting jointly.
The Board is now in receipt of an updated firm offer from Tradehold API Limited (“the Offeror”), a company incorporated in Mauritius and jointly owned by Tradehold Africa Limited and African Property Investments Limited (“APIL”) to acquire a minimum of 51% of REIZ on a fully diluted basis. It should be noted that Heriot Properties is no longer an Offeror. Heriot will only manage APIL’s properties and developments in Zambia under property management agreements. APIL is an experienced property development and management company whose properties in Zambia include Mukuba Mall in Ndola, Cosmopolitan Mall in Lusaka and Solwezi City Mall in Solwezi…
Please download the full announcement on the link below: